What happens when pediatricians join forces with pizza store
managers, school principals, city health clinic directors, and others to
better reach and serve their common base of customers: families with
young children?
Together, they did what they could not have accomplished on their own.
They offered a highly valued, emotionally-loaded, and media-attracting
service AND increased foot traffic into their stores and offices: "I Am
Loved" free immunizations for kids on Saturdays just before school
started.
Pediatricians gave immunization shots at convenient times in a roomy,
cheerful children's store with a party atmosphere, where the kids were
the center of attention. Parents heard about the offer through all the
participating outlets and received free snack coupons after the kids
received their shots so they could reward their children with a snack
from a nearby store. Partners could provide better, more news-catching
service at less cost and inspire greater community and customer loyalty
-- while spending less.
This is not an isolated incident.
Here's another success story. On a recent Valentine's Day, several
neighborhood businesses -- including a women's medical clinic, florist,
health food store, clothing boutique, shopper newspaper, museum store,
gym, bookstore, and beauty salon -- joined forces for a month-long
promotion to attract and serve women. The bookstore hosted a series of
"Beauty Inside Out" in-store demonstrations and mini-seminars, each led
by a manager of one of the participating businesses and highlighting a
book collection and the local partners' related products and services.
Each presenter offered a handout that also included reference to at
least one of the other cross-promoting organizations, plus a joint offer
of services with one of them. Each presenter wrote a guest column based
on their presentation, which was featured in the shopper newspaper, with
the author's follow-up offer and email noted at the bottom of the
article. Of course each column author quoted others in this mutually
beneficial alliance.
What's the lesson here?
You don't have to work alone when you attempt to market your
products, services, or cause. It is not as much fun nor as credible or
efficient. Regardless of the size or kind of business (or nonprofit or
government agency) you operate, you can grow it faster, not through
"solo" networking, advertising, or other promotional efforts, but
through cross-promotion with others.
Look for other successful, non-competing businesses, clubs, and
government agencies that also serve your kind of client. Propose ways
you can improve how you contact or service your "mutual market"
together.
Instead of solo advertising, the Valentine's Day group joined forces
to offer a combined service that naturally pulled their customers in.
The partners' keys to success were a common market, non-competing
products or services, shared values, and comparably valuable resources
to contribute to the cross-promotion. Partners created a "passion bond"
relationship with each other, their customers, and many others who
didn't even need shots but were motivated to try the partners' services
anyway.
All kinds and sizes of organizations are enthusiastically adopting
this outreach approach. Cross-promotional marketing is a growing trend
because it is perhaps the least expensive, most efficient, least
time-consuming, and most-credible method for growing an organization.
Simply put, cross-promotional marketing is the act of strategically
aligning businesses that target the same market but do not directly
compete with each other.
Cross-promoting provides a growth opportunity for any organization,
from the home-based, to the public sector, corporate, or franchise
operation.
Another Easy Example
A dry cleaner attached a lucite box to the front of the cash register
to hold coupons worth $3 off the customers' next tank of gas at a nearby
gas station / convenience store. The convenience store operator placed a
similar box, displaying coupons worth $3 off the customer's next dry
cleaning. That proved so successful that they recruited more partners
and offered customers additional value: coupons from their
cross-promoting at a nearby hardware store, beauty salon, fitness gym,
and shoe repair shop.
The Profitable Results?
Their partnering businesses' coupons build loyalty from their
existing customers. They can appear where their competition isn't even
in sight. And they don't have to pay for the position -- they trade for
it. Nothing beats the credibility of another business touting your
product's differentiating benefit. Partners reach more prospective
customers at a lower cost. Prospects are introduced to each business in
a powerful way -- through vendors they already use. Using your
imagination, familiarity with your customers, and the right
cross-promotion, your can outwit companies with massive promotional
budgets.
Here are some low-risk and high-opportunity ways to jump-start your
first cross-promotion.
1. Print joint promotional messages on your bills.
2. Offer a reduced price, special service, or convenience if
customers buy services or products from you and your partner.
3. Hang signs or posters promoting one another on your walls,
windows, or products.
4. Mention one another's benefits when you speak at local events or
are interviewed by the media.
5. Show the joint use of your services and their benefit on the
health of patients
6. Pool mailing lists and send out a joint promotional postcard.
7. Promote your partners' products during their slow times, and ask
them to do the same for you.
8. Share inexpensive ads in local shopping papers or a nonprofit
event program.
9. Give a joint interview to local media.
10. Put one another's promotional messages on Lucite stands on
counters or floor stands in waiting areas.
11. Encourage your staff to mention how your partner's products can
be used with yours.
12. Give your partner's product to your customers when they buy a
large quantity of your product, and ask your partner to do the same.
13. Use door hangers, posters, flyers, or postcards to promote
special offers for one another's products.
14. Co-produce an in-store or other event, demonstration, celebrity
appearance, free service, or lecture.
Kare Anderson is an Emmy winning former Wall Street
Journal reporter
and author of SmartPartnering. She is the publisher of the international
"Say It Better" (tm) E-Zine.
Visit her web site for more information.